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Money-market certificate

[muhn-ee-mahr-kit] /ˈmʌn iˌmɑr kɪt/

a certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills.
any type of savings certificate whose interest rate is based on current money-market interest rates.


Read Also:

  • Money-market fund

    noun 1. a mutual fund that invests in the money market.

  • Money-of-account

    noun 1. a monetary denomination used in reckoning, especially one not issued as a coin, as the U.S. mill. noun 1. another name (esp US and Canadian) for unit of account

  • Money-order

    noun 1. an order for the payment of money, as one issued by one bank or post office and payable at another. noun 1. (US & Canadian) a written order for the payment of a sum of money, to a named payee, obtainable and payable at a post office Also called (in Britain and certain […]

  • Money-of-necessity

    noun 1. temporary coinage, as siege pieces, issued in areas where regular coinage is unavailable: sometimes of unusual materials, as leather or wood.

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